Identify and explain the following concept: Ashok paid the tax on his income and property.

Question 20 of 38

Q. Identify and explain the following concept: Ashok paid the tax on his income and property.

Maharashtra MsbshseMaharashtra HSC (MSBSHSE) Board 2023Subjective· 2mImportance★★★★★

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The illustration is an example of a Direct Tax — a tax whose money burden and payment both fall on the same person and cannot be shifted to anyone else.

Taxes are classified into direct taxes and indirect taxes. A direct tax is one where the impact (who pays) and the incidence (who ultimately bears the burden) are on the same person, so it cannot be passed on. Income tax, corporate tax, wealth tax and property tax are examples.

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Same / Similar Concept — real previous-year questions on the same or a closely similar concept, not this exact question.

CBSE 2023Set ANNUAL1 markMCQ
$Q. Find the odd word out: Non-tax revenue:$
(a) Fees
(b) Penalty
(c) Wealth tax
(d) Special levy
›Reveal solutionSolution
The odd word is Wealth tax — it is a form of tax revenue, whereas fees, penalty and special levy are all non-tax sources of public revenue.

Public revenue is broadly divided into tax revenue (compulsory payments with no direct quid pro quo, e.g. income tax, GST, wealth tax) and non-tax revenue (receipts from sources other than taxes):

Fees — charged for a specific government service (e.g. licence fee).

Penalty / fines — payments imposed for breaking a law or rule. …
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CBSE 2022Set ANNUAL1 mark

Q. Complete the correlation. Personal Income tax : ______ :: Goods and service tax (GST) : Indirect tax.

›Reveal solution

The missing term is Direct tax. Personal income tax is a direct tax because its money burden and impact fall on the same person and cannot be shifted to anyone else.

Taxes are divided into two types on the basis of shifting of the burden:

Type	Meaning	Examples
Direct tax	Impact and incidence fall on the same person; burden cannot be shifted	Personal income tax, corporate tax, wealth tax
Indirect tax	Levied on goods and services; burden can be shifted to the final consumer	GST, customs duty, excise duty
…

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Q.Identify and explain the following concept:
Ashok paid the tax on his income and property.

Concept understanding — Public Revenue — Tax and Non-Tax Revenue

Q.Identify and explain the following concept: Ashok paid the tax on his income and property.

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Q.Identify and explain the following concept:
Ashok paid the tax on his income and property.

Unlock everything free for 14 days